In the same window as Bank of America's 3Q26 report, the stock ran -6.1% behind its peer basket. The revenue figures we can check, through 2026 Q2, were growing 15.0% from a year earlier. Headline growth and share price pointed different ways.
The stock trailed its rivals around the report
Bank of America put out its third-quarter 2026 results on 14 October, and the share price had a rough stretch in the same window. We compared the stock with a group of its biggest rivals, JPMorgan Chase, Wells Fargo and Citigroup; we call that group a peer basket A small group of similar companies used as a yardstick. When the basket drops as well, the move was about the whole industry rather than this one company.. On the day the numbers landed, the stock moved -4.6% versus that basket. Counting from that day onward, it ran -6.1% behind. The basket holds 3 names, so a single odd mover can swing it.
Data table
| day | series | value | series_role |
|---|---|---|---|
| -10 | Bank of America | -1.0% | target |
| -9 | Bank of America | -2.2% | target |
| -8 | Bank of America | -2.2% | target |
| -7 | Bank of America | -1.7% | target |
| -6 | Bank of America | -1.6% | target |
| -5 | Bank of America | -2.6% | target |
| -4 | Bank of America | -2.5% | target |
| -3 | Bank of America | -1.2% | target |
| -2 | Bank of America | -0.7% | target |
| -1 | Bank of America | -1.8% | target |
| 0 | Bank of America | -6.5% | target |
| 1 | Bank of America | -5.9% | target |
| 2 | Bank of America | -6.8% | target |
| 3 | Bank of America | -8.3% | target |
| 4 | Bank of America | -7.9% | target |
| 5 | Bank of America | -7.6% | target |
| 6 | Bank of America | -7.1% | target |
| 7 | Bank of America | -8.0% | target |
| -10 | Peer basket | -0.9% | peer |
| -9 | Peer basket | -1.2% | peer |
| -8 | Peer basket | -0.9% | peer |
| -7 | Peer basket | -0.4% | peer |
| -6 | Peer basket | -0.4% | peer |
| -5 | Peer basket | -1.3% | peer |
| -4 | Peer basket | -0.2% | peer |
| -3 | Peer basket | 0.9% | peer |
| -2 | Peer basket | 1.6% | peer |
| -1 | Peer basket | -1.7% | peer |
| 0 | Peer basket | -1.8% | peer |
| 1 | Peer basket | -0.8% | peer |
| 2 | Peer basket | 0.4% | peer |
| 3 | Peer basket | -1.8% | peer |
| 4 | Peer basket | -1.2% | peer |
| 5 | Peer basket | -0.8% | peer |
| 6 | Peer basket | -0.8% | peer |
| 7 | Peer basket | -2.0% | peer |
| -10 | Cumulative abnormal return | -0.0% | neutral |
| -9 | Cumulative abnormal return | -1.0% | neutral |
| -8 | Cumulative abnormal return | -1.4% | neutral |
| -7 | Cumulative abnormal return | -1.3% | neutral |
| -6 | Cumulative abnormal return | -1.2% | neutral |
| -5 | Cumulative abnormal return | -1.3% | neutral |
| -4 | Cumulative abnormal return | -2.2% | neutral |
| -3 | Cumulative abnormal return | -2.1% | neutral |
| -2 | Cumulative abnormal return | -2.2% | neutral |
| -1 | Cumulative abnormal return | -0.2% | neutral |
| 0 | Cumulative abnormal return | -4.8% | neutral |
| 1 | Cumulative abnormal return | -5.2% | neutral |
| 2 | Cumulative abnormal return | -7.3% | neutral |
| 3 | Cumulative abnormal return | -6.8% | neutral |
| 4 | Cumulative abnormal return | -6.9% | neutral |
| 5 | Cumulative abnormal return | -7.1% | neutral |
| 6 | Cumulative abnormal return | -6.5% | neutral |
| 7 | Cumulative abnormal return | -6.3% | neutral |
Fewer trading days Days the stock market is open. Weekends and holidays do not count, so a week of news can be only a handful of trading days. have passed since the report than our usual window asks for, so the figure after the report covers only the days available so far. That is 8 trading days, counting the day of the report itself. The company said the quarter's results 「Include a Regulatory Settlement Charge」. My reading: a charge like that makes a single quarter's headline hard to read at first glance.
Glossary
- peer basket
- A small group of similar companies used as a yardstick. When the basket drops as well, the move was about the whole industry rather than this one company.
- trading days
- Days the stock market is open. Weekends and holidays do not count, so a week of news can be only a handful of trading days.
The revenue we can check was still growing
How fast do you think revenue grew from a year earlier in the latest quarter we have data for?
Actual15.0%
It was 15.0%, the fastest pace on the chart, and well above the 7.2% of the quarter before. A bank growing at that pace is not the picture the share price drew in the same window as the later report.
Show answer
15.0% It was 15.0%, the fastest pace on the chart, and well above the 7.2% of the quarter before. A bank growing at that pace is not the picture the share price drew in the same window as the later report.
One warning before the chart: our revenue figures run through 2026 Q2, a quarter earlier than the report in the news, so read them as background. Each bar is one quarter of revenue, and the line above the bars is growth from a year earlier. In 2026 Q2 revenue was the biggest bar on the chart. That was 15.0% higher than the same quarter a year before. In 2026 Q1 the year-on-year pace was 7.2%. Revenue also grew 4.2% from the first quarter to the second. Over three years revenue compounded 7.8% a year. Matching net income and earnings-per-share data are not available in our evidence, so revenue is the only line we can compare quarter by quarter here. I think the business going into the report was growing, not shrinking.
Data table
| period | revenue | yoy |
|---|---|---|
| 2023Q3 | $25.2bn | 2.7% |
| 2023Q4 | $26.1bn | 6.6% |
| 2024Q1 | $25.8bn | -1.7% |
| 2024Q2 | $25.4bn | 0.7% |
| 2024Q3 | $25.3bn | 0.7% |
| 2024Q4 | $29.3bn | 12.1% |
| 2025Q1 | $28.2bn | 9.4% |
| 2025Q2 | $27.4bn | 8.1% |
| 2025Q3 | $28.1bn | 10.8% |
| 2025Q4 | $31.2bn | 6.4% |
| 2026Q1 | $30.3bn | 7.2% |
| 2026Q2 | $31.6bn | 15.0% |
A year of holding went nowhere while the market rose
Now the slow view. A year of holding the stock ended at -0.2%, essentially flat. The market over the same year returned 14.4%. From its highest point the stock later sat -21.9% lower. The growth figures use prices adjusted for splits and dividends, so reinvested dividends are counted. Past performance does not tell you what comes next.
Risks
- A regulatory settlement charge can make a quarter look worse than the underlying business.
- The peer basket is small and the banks differ, so the comparison around the report means less.
- Our revenue data stops at 2026 Q2, so accounting or timing changes in the newer quarter are invisible.
Sources
- FinMind USStockPrice BAC — data as of 2026-10-23; fetched 2026-10-25 17:10 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- FinMind USStockPrice C — data as of 2026-10-23; fetched 2026-10-25 17:10 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- FinMind USStockPrice JPM — data as of 2026-10-23; fetched 2026-10-25 17:10 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- FinMind USStockPrice WFC — data as of 2026-10-23; fetched 2026-10-25 17:10 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- SEC EDGAR XBRL companyfacts, BofA Finance LLC — data as of 2026-06-30; fetched 2026-10-25 15:52 UTC